DrStool Posted November 19, 2020 Report Share Posted November 19, 2020 Nice little pullback yesterday. But 3540 and 3520 on the ES are both important support levels. We should see a bounce from one of those. And if not there, then major support at 3510. I wouldn't get too excited about this pullback unless they take that out. At this point, there's no indication that that will happen. The 5 day cycle projection is now 3550, done. 2-3 day cycle projection 3540, almost down. Trend resistance is currently 3560 as of 6 AM ET. That drops to 3545 at the NY open at 9:30 ET. Next resistance levels above that would be around 3565 and 3570. If cleared, look for 3585 again. You can see on the 30 minute bars, they already look like they're headed back up, with big positive divergences on the indicators, after ES found support at big downtrend channel centerline. Test of resistance 3555-3560 now starting looks critical to the outlook for the rest of the day. Looky hyah for the big picture. Link to comment Share on other sites More sharing options...
DrStool Posted November 19, 2020 Author Report Share Posted November 19, 2020 They forgot to include the US Government. MUST READ Where Open Defecation Is Still Widely Practiced by Statista | Infographics • November 19, 2020 • 0 Comments Today is World Toilet Link to comment Share on other sites More sharing options...
DrStool Posted November 19, 2020 Author Report Share Posted November 19, 2020 The US budget defecate is by far the world's largest. It stinks to high heaven. Link to comment Share on other sites More sharing options...
DrStool Posted November 19, 2020 Author Report Share Posted November 19, 2020 Weakness coming into the open. Link to comment Share on other sites More sharing options...
DrStool Posted November 19, 2020 Author Report Share Posted November 19, 2020 Fade the post bell bounce? That's a question. Link to comment Share on other sites More sharing options...
DrStool Posted November 19, 2020 Author Report Share Posted November 19, 2020 58 minutes ago, DrStool said: Fade the post bell bounce? That's a question. I guess the answer was, Yes. Link to comment Share on other sites More sharing options...
DrStool Posted November 19, 2020 Author Report Share Posted November 19, 2020 2-3 day cycle projection still 3540. Link to comment Share on other sites More sharing options...
DrStool Posted November 19, 2020 Author Report Share Posted November 19, 2020 So let's say we've been in a 2 day cycle up phase since yesterday's close and this is the top. Then what? Click to engorge. Link to comment Share on other sites More sharing options...
DrStool Posted November 19, 2020 Author Report Share Posted November 19, 2020 They'll have a little uptrend going if they get through 3566 on the ES. Link to comment Share on other sites More sharing options...
DrStool Posted November 19, 2020 Author Report Share Posted November 19, 2020 But if it fails to do that, it should tank. Link to comment Share on other sites More sharing options...
DrStool Posted November 19, 2020 Author Report Share Posted November 19, 2020 3568, not 3566. Link to comment Share on other sites More sharing options...
BurntOnce Posted November 19, 2020 Report Share Posted November 19, 2020 Chiner sells first negative rate sovereign bond. the whole shit is sinking. Link to comment Share on other sites More sharing options...
DrStool Posted November 19, 2020 Author Report Share Posted November 19, 2020 2:30 turn time. Link to comment Share on other sites More sharing options...
DrStool Posted November 19, 2020 Author Report Share Posted November 19, 2020 Oh the insanity. Do have a nice night, and a good day tomorrow. Good night all! Link to comment Share on other sites More sharing options...
DrStool Posted November 19, 2020 Author Report Share Posted November 19, 2020 Breakdown followed by return to the scene of the crime. Pretty routine stuff. Link to comment Share on other sites More sharing options...
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